Aetna PT Raised to $90.00 (AET)
Analysts at Leerink Swann increased their price objective on shares of Aetna (NYSE:AET) from $83.00 to $90.00 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the stock. Leerink Swann’s price target would indicate a potential upside of 14.31% from the company’s current price.
A number of other firms have also recently commented on AET. Analysts at Barclays reiterated an “overweight” rating on shares of Aetna in a research note on Wednesday. They now have a $95.00 price target on the stock, up previously from $87.00. Separately, analysts at FBR Capital Markets raised their price target on shares of Aetna from $80.00 to $93.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Aetna in a research note on Wednesday, July 16th. They now have a $92.00 price target on the stock, up previously from $85.00. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $85.81.
Shares of Aetna (NYSE:AET) traded up 1.55% on Thursday, hitting $78.73. The stock had a trading volume of 3,041,169 shares. Aetna has a 1-year low of $60.32 and a 1-year high of $85.72. The stock’s 50-day moving average is $82.04 and its 200-day moving average is $75.00. The company has a market cap of $27.918 billion and a P/E ratio of 13.56.
Aetna (NYSE:AET) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.61 by $0.08. The company had revenue of $14.50 billion for the quarter, compared to the consensus estimate of $13.98 billion. During the same quarter last year, the company posted $1.52 earnings per share. Aetna’s revenue was up 25.3% compared to the same quarter last year. Analysts expect that Aetna will post $6.58 EPS for the current fiscal year.
Aetna Inc (NYSE:AET), is a diversified healthcare benefits company.
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